Lembex Review [year]

Editor’s Verdict

Overview

Review

Thinking of trading with Lembex as your Forex broker?  Read this comprehensive Lembex review, completed by our team of experts, to determine if this Malta-based brokerage is right for you.

The first thing we noted is that Lembex is regulated by the MFSA (Malta Financial Services Association).  But aside from this regulation, there were few redeeming qualities that we found about the brokerage.  We’ve reviewed hundreds of Forex brokers, and we found that most of them provide much better explanatory and educational material than Lembex. Additionally, Lembex provides trading of Forex, CFD's, Futures and Stocks. We would have liked to see more commodities in that list.

Lembex does provide both demo and regular trading accounts, however in order to open an account you need to contact them first. You cannot see an example of an account and there is no information provided unless you contact them first. There is a 24 hour customer service, which can be helpful.

When depositing and withdrawing money into your Lembex account there is a minimum $200 deposit required and there are withdrawal and wire transfer fees on all transactions, which of course is not ideal. Lembex also only accepts Visa and Mastercard credit cards for deposit.

Lembex is a good company when trading simply with mostly Forex markets, however we were disappointed overall with their website and the lack of promotions, bonuses, and other features we have seen with other brokers.

Trading Platform

By DailyForex.com Team

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.